Sterilization Equipment Market Size Worth $15.6 Billion By 2030

Sterilization Equipment Industry Overview

The global sterilization equipment market is expected to reach USD 15.6 billion by 2030, registering a CAGR of 10.5%, according to a new report by Grand View Research, Inc. The rising incidence of Hospital Acquired Infections (HAIs), impact of the COVID-19 outbreak, and the increasing number of surgical procedures are the key driving factors of the market. The recent outbreak of COVID-19 is anticipated to significantly impact the market. The pandemic caused by the virus SARS-CoV-2 has drastically increased the demand for medicines, emergency supplies, and hospital equipment including gowns, antiseptics, and disinfectant products.

The COVID-19 outbreak and increasing hospital admissions across the globe have significantly increased the demand for sterilization equipment. Consequently, the use of sterilization equipment has also increased due to the increasing number of patients in hospitals & clinics. Proper and regular sterilization of medical devices is one of the essential requirements for treating patients suffering from COVID-19. In such cases, demand for sterilization equipment is anticipated to increase, which is in turn expected to propel the market growth. Therefore, the outbreak of COVID-19 is a high-impact rendering driver for this market.

Sterilization Equipment Market Segmentation

Grand View Research has segmented the sterilization equipment market report on the basis of product and region:

Based on the Product Insights, the market is segmented into Heat Sterilizers, Low-temperature Sterilizers, Sterile Membrane Filters, Radiation Sterilization Devices.

  • Low-temperature sterilizers held the largest share of 32.0 % in 2021. This is attributable to the increasing need for sterilization of heat- and moisture-sensitive medical equipment with complex designs. This technique involves Ethylene Oxide (ETO) sterilization, hydrogen peroxide gas plasma, and sterilization using other liquid chemical substances.
  • The techniques have been evolving over the decade owing to the changing healthcare environment and complex innovations. In addition, the use of expensive, complex, and delicate medical instruments that are difficult to sterilize is spurring the demand.
  • Factors such as increasing surgical procedures, the expanding patient population, rising life expectancy, and the unmet need for sterilization of complex substances are driving the growth of this segment.
  • Factors such as increasing surgical procedures, the expanding patient population, rising life expectancy, and the unmet need for sterilization of complex substances are driving the growth of this segment.

Sterilization Equipment Regional Outlook 

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa (MEA)

Key Companies Profile & Market Share Insights

Companies are stressing research and development to develop technologically advanced products to gain a competitive edge. Companies are engaging in partnerships, mergers, and acquisitions, aiming to strengthen their product portfolio, and manufacturing capacities, and provide competitive differentiation.

Some prominent players in the global sterilization equipment market include

  • STERIS PLC.
  • Sterigenics U.S., LLC
  • Cantel Medical
  • E-BEAM Services, Inc.
  • Fortive

Order a free sample PDF of the Sterilization Equipment Market Intelligence Study, published by Grand View Research. 

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Contact:

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Grand View Research, Inc.

Phone: 1-415-349-0058

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Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com

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